butt ugly Chart of the Week:
The U.S. Dollar continues to weaken versus a basket of other currencies. While this may be a net positive for exporters, nearly half of U.S. debt is held by foreign governments.

The U.S. Treasury keeps discussing their “Strong Dollar Policy”, but its said with a “wink-wink, nudge-nudge” worthy of Monty Python. What could reverse the long-term downtrend? If the Fed raises rates, or the U.S. deficit issues get resolved, or if the Current Account Balance improves, would certainly help.

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

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About Barry Ritholtz

Ritholtz has been observing capital markets with a critical eye for 20 years. With a background in math & sciences and a law school degree, he is not your typical Wall St. persona. He left Law for Finance, working as a trader, researcher and strategist before graduating to asset managementRead More...

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